News Release

WALTHAM, Mass., Nov. 20, 2013 /PRNewswire/ -- Raytheon Company (NYSE: RTN) announced today that its Board of Directors has declared a quarterly cash dividend of $0.55 per outstanding share of common stock. The cash dividend is payable on Feb. 6, 2014, to shareholders of record as of the close of business on Jan. 2, 2014.

The Board of Directors also authorized the repurchase of up to an additional $2.0 billion of the company's outstanding common stock. Share repurchases may take place from time to time at the company's discretion depending on market conditions.

About RaytheonRaytheon Company, with 2012 sales of $24 billion and 68,000 employees worldwide, is a technology and innovation leader specializing in defense, security and civil markets throughout the world. With a history of innovation spanning 91 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems; as well as a broad range of mission support services. Raytheon is headquartered in Waltham, Mass. For more about Raytheon, visit us at www.raytheon.com and follow us on Twitter @Raytheon.